Company News



UBS Raises Ermotti 2013 Pay 21% Before Shareholders’ Say

UBS AG (UBSN) boosted Chief Executive Officer Sergio Ermotti’s compensation by 21 percent to 10.73 million Swiss francs ($12.3 million), the last time the decision will fall exclusively on the bank’s board as Swiss governance rules change. . .

.http://www.bloomberg.com/news/2014-03-14/ubs-raises-ermotti-s-2013-pay-21-after-return-to-profit.html

 



EU Bank-Crisis Talks Resume as Draghi Watches Attentively

German Finance Minister Wolfgang Schaeuble and his European Union counterparts are under pressure to get a bank-crisis law on the books after European Central Bank President Mario Draghi spelled out the consequences of failure. . .

http://www.bloomberg.com/news/2014-03-10/eu-bank-crisis-talks-resume-as-draghi-watches-attentively.html



SEC Said to Probe Whether Forex Rigging Distorted Options

The U.S. Securities and Exchange Commission is investigating whether currency traders at the world’s biggest banks distorted prices for options and exchange-traded funds by rigging benchmark foreign-exchange rates, according to two people with knowledge of the matter. . .

http://www.bloomberg.com/news/2014-03-10/sec-said-to-probe-whether-forex-rigging-distorted-options.html



Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says

The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.

http://www.bloomberg.com/news/2014-03-09/global-debt-exceeds-100-trillion-as-governments-binge-bis-says.html



Loss-making RBS to give millions in shares to executives

Royal Bank of Scotland is poised to release millions of pounds worth of shares to its top executive team through bonus schemes put in place by the loss-making bank over the last three years. . .

http://www.theguardian.com/business/2014/mar/06/rbs-bonus-announcement-imminent-loss-making